Mission Wealth Management LP Raises Stock Holdings in Visa Inc. (NYSE:V)

Mission Wealth Management LP grew its stake in Visa Inc. (NYSE:V) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,916 shares of the credit-card processor’s stock after acquiring an additional 1,296 shares during the quarter. Mission Wealth Management LP’s holdings in Visa were worth $5,966,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Altshuler Shaham Ltd purchased a new position in Visa during the third quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new position in Visa during the fourth quarter worth about $32,000. Valued Wealth Advisors LLC purchased a new position in Visa during the fourth quarter worth about $37,000. Stuart Chaussee & Associates Inc. lifted its position in Visa by 66.2% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after buying an additional 94 shares during the period. Finally, Macroview Investment Management LLC lifted its position in Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after buying an additional 265 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

V has been the topic of a number of research reports. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Robert W. Baird raised their price objective on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Raymond James raised their price objective on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Susquehanna increased their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Finally, Keefe, Bruyette & Woods increased their target price on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $302.58.

Insider Transactions at Visa

In related news, Director Lloyd Carney sold 909 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock valued at $5,506,827 over the last three months. Company insiders own 0.19% of the company’s stock.

Visa Price Performance

V traded down $3.23 during trading on Tuesday, hitting $268.61. The company’s stock had a trading volume of 6,374,026 shares, compared to its average volume of 5,935,847. The stock has a market capitalization of $493.30 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average price is $279.11 and its two-hundred day moving average price is $264.97.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.09 earnings per share. Sell-side analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. Visa’s dividend payout ratio is currently 23.24%.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.